DT Midstream Inc (DTM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 354,000 | 384,000 | 370,000 | 307,000 | 312,000 |
| Total assets | US$ in thousands | 9,935,000 | 8,982,000 | 8,833,000 | 8,166,000 | 8,342,000 |
| ROA | 3.56% | 4.28% | 4.19% | 3.76% | 3.74% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $354,000K ÷ $9,935,000K
= 3.56%
The return on assets (ROA) of DT Midstream Inc has shown a generally positive trend over the past five years. The ROA increased from 3.74% as of December 31, 2020, to 4.28% as of December 31, 2023, indicating an improvement in the company's ability to generate profit relative to its total assets.
However, there was a slight dip in ROA to 3.56% by December 31, 2024, which may suggest a decrease in the company's efficiency in utilizing its assets to generate earnings. Overall, the ROA performance of DT Midstream Inc suggests that the company has been effective in generating returns from its assets, with some fluctuations observed in recent years.
Peer comparison
Dec 31, 2024